8.7 million jobs were lost during the Great Bush Recession

[scheming daemons]

Last edited Fri Jun 6, 2014, 09:26 AM - Edit history (1)

From September 2008 to February 2010, 8.7 million jobs were lost.

As of today, 8.8 million jobs have been added since then.

It took us 51 months, but we finally got the lost jobs back.

Thanks, Obama!






Edited to add pretty graph.

[MannyGoldstein]

1. Due to population growth, we're still 6-10 million jobs in the hole

Real unemployment (U6) is still way, way higher than before the "recession", the economic well-being of the 99% has continued to fall, but the wealthy... the wealthy have gained more than under any previous president.

Can someone pass me some Grey Poupon?

[scheming daemons]

4. U6 is at its lowest since October of 2008

[MannyGoldstein]

11. 50% higher than pre-recession

http://www.portalseven.com/employment/unemployment_rate_u6.jsp#

[DCBob]

20. God, if only we had the pre-recession Bush economy back!

Things would be rosey again!

[brush]

7. How so?

Please explain your figures. The population of the country hasn't grown all that much in just 5 years. Matter of fact, birth rates go down during hard economic times.

[MannyGoldstein]

10. We need 100,000-150,000 additional jobs per month to break even.

Don't have time to find a good reference for this, but if you can't find one with a search let me know and I'll get one later.

[IronLionZion]

12. Wishful, but unlikely

We're probably not going to get that many jobs from the private sector. Too many of them are stuck in the cutting and getting lean mentality rather than growth and investment.

A big part of the job losses has been from local and state government jobs, well over 1 million. Then big cuts in federal government jobs and contractors, many are good STEM jobs. And there are serious issues in the housing market, including a lack of decent home improvement work. A lot of real estate investors buy up cheap property, do the bare minimum cosmetic fixes, then rent it out at jacked up rates.

[DCBob]

18. Is it still "green shoots"?

[liberal N proud]

2. It's all Obama's fault

[deathrind]

3. Bush was very good at being very bad.

[Thinkingabout]

5. At least one lost their jobs in early 2009, some of the best losses, and a new

guy replaced one of them. I am glad Bush is gone, never voted for him in the eight times he offered himself. If we had a functional Congress there would be more jobs, the economy growing. This should be the next bunch to loose their jobs and replaced by real Congressional members.

[winter is coming]

6. Fantastic! I'll tell my husband he'd better get his ass to the office, stat.

[NM_Birder]

8. LOL ..... MISSION ACCOMPLISHED !

[okaawhatever]

9. It's even better when you compare private and gov't jobs. Government (state, local and federal) jobs

are still down. It is the private sector that has made up the difference. If you were to add back in the gov't jobs lost we'd see a huge difference. Since those jobs are typically higher paying you'd also see the average income from gained jobs increase.

[IronLionZion]

13. I read its well over a million at the state and local level

that was lost across the US, and many of those jobs won't come back in many locations due to decreased tax revenue and the budget cutting mentality.

[econoclast]

14. We are still 3 Million FullTime jobs short

High water mark for Full-Time Employment was Nov 2007. 121,875,000

May 2014 number was 118,727,000

Still over 3 Million Full Time Jobs short

And it is NOT retirees. Population in age group 20-55 ...the slice most likely to be employed full time ... is about the same today as Nov 2007. (Actually 117,000 more today)

(St Loius Fed data series LNS12500000). Employed - Usually Work Full-Time)

[napkinz]

15. ...

[rhett o rick]

16. Does any of this take into account that wages have been reduced. A fast food job

is a job but if that job (the person working the job) was a high paying manufacturing job then they dont really balance out.

We need statistics re. average wages vs. cost of living.

[spanone]

17. and when bu$h left office the dow was hovering @ 8,000. it's now close to 17,000

fuck bu$h and the republicans

[DCBob]

19. Nice graph!

Yet the rw wackos and delusional left still arent impressed.

[napkinz]

21. ...